Relates to establishing a period of probable usefulness for construction and improvement of the Ithaca Tompkins International Airport and for an above ground aircraft fuel farm located at the Ithaca Tompkins International Airport; establishes a thirty year period of probable usefulness for construction and a twenty-five year period of probable usefulness for the above ground aircraft fuel farm.
STATE OF NEW YORK
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7747
IN SENATE
February 13, 2020
___________
Introduced by Sen. HELMING -- read twice and ordered printed, and when
printed to be committed to the Committee on Local Government
AN ACT to amend the local finance law, in relation to establishing a
period of probable usefulness for airport construction and improvement
of the Ithaca Tompkins International Airport
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Paragraph a of section 11.00 of the local finance law is
2 amended by adding a new subdivision 14-b to read as follows:
3 14-b. Airport construction and improvement of the Ithaca Tompkins
4 International Airport. The construction, reconstruction, or extension of
5 the Ithaca Tompkins International Airport, whether or not including
6 buildings, hangars, runways, taxi-strips, paved areas, perimeter fenc-
7 ing, grading, filling, drainage or other site work, thirty-years; the
8 acquisition and installation of an above ground aircraft fuel farm at
9 the Ithaca Tompkins International Airport, including connecting pipes,
10 valves, meters, pumps, concrete spill containment facilities, and appur-
11 tenant facilities, twenty-five years.
12 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD14898-02-0
